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Electric two-wheeler manufacturer Hero Electric on Tuesday has announced that it has joined hands with Wheels EMI for offering financing options to the consumers. The company also said that besides vehicle financing, the partnership would offer extra benefits to Hero Electric electric two-wheeler buyers. These include cheaper interest rates, flexible tenure options and affordable equal monthly instalments (EMIs).
Hero Electric also said that as a preferred financial partner, Wheels EMI will provide the electric two-wheeler customers with simple and fast disbursals with minimum documentation.
Commenting on this partnership, Sohinder Gill, CEO, Hero Electric said that, over the last few weeks, awareness and demand for electric two-wheelers have been at their peak for various reasons. “More and more customers today are enquiring and considering electric two-wheelers as their next upgrade. There is also a demand for flexible finance options, especially from rural India to own their favorite two-wheeler,” he said.
He also said that this partnership will help the company to take a step forward to clean and emission-free mobility.
Hero Electric currently sells more than 10,000 electric two-wheelers every month. The EV Company claims that around 40% of this comes from rural regions of India. With this partnership, Hero Electric is expecting a rise in sales. The EV maker hopes the sales of its electric two-wheelers will be doubled by end of 2021.
Several factors have been playing key roles in the growth of electric mobility. Electric two-wheelers have been contributing the lion’s share to that. The demand for personal mobility medium, sky-high price of motor fuels, incentives under the FAME-II scheme, low cost of ownership, subsidies by different state governments under their respective EV policies have been encouraging the buyers to opt for electric two-wheelers.


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420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com
Despite falling cannabis prices and other U.S. states legalizing recreational marijuana, it took Colorado just eight months to reach $1 billion in retail MJ sales in 2017 – a record clip for the state.
In 2016, by contrast, it took Colorado 10 months to hit the $1 billion sales mark.
The Denver Post reported that Colorado marijuana retailers had amassed $1.02 billion in combined recreational and medical marijuana sales through August.
In August itself, sales of flower, edibles, concentrates and accessories totaled nearly $137 million.
While Colorado has one of the oldest regulated cannabis markets in

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MaxVal, a leading technology-enabled IP solutions provider known for its cutting edge products and automated solutions announces the global data expansion of MaxVal’s Litigation Databank with the inclusion of valuable non-US litigation data.
MaxVal’s Litigation Databank is an exhaustive collection of litigation data including cases of US District Courts, Court of Appeals for the Federal Circuit, International Trade Commission, Supreme Court and PTAB (Patent Trial and Appeal Board). MaxVal’s Litigation data already provide insights for some of the leading patent analytics providers including WIPS, IP.com, PatSnap.com and Aistemos as well as industry innovators such as Unified Patents.
MaxVal’s global patent litigation data expansion has already incorporated patent litigation data from the United Kingdom, Japan, France, and the Netherlands to the Litigation Databank, with Canada, China, and Australia to be added soon.
“Patent litigation is now a global phenomenon and without the insights of non-US litigation data, one will not have the complete view of the litigation landscape.” said D. Bommi Bommannan, President and CEO of MaxVal. “With our global litigation data expansion, MaxVal’s Litigation Databank is now one of the most complete and accessible source of global Litigation data and analytics in the industry.”
MaxVal’s Litigation Databank is created to help businesses, law firms, litigators and in-house counsel to keep abreast of the latest patent litigation developments and make informed legal decisions. Users can query and analyze using over 20 litigation parameters including patent numbers, product names, plaintiff, defendant, court, judge, law firm, outcome of cases, etc. without incurring any PACER expenses. MaxVal’s Litigation API also enables other products and platforms to leverage the litigation data for drive analytics.
About MaxVal Group, Inc.
MaxVal is a silicon valley-based technology-enabled IP solutions provider known for its cutting edge products and automated solutions. Since 2004, MaxVal has been providing technology-enabled solutions and expert services by partnering with patent counsel and patent operations teams to optimize patent lifecycle management with high levels of customer service. MaxVal’s clients range from start-ups to Fortune 100 companies, top U.S. pharmaceutical and medical device manufacturers and the leading technology-focused patent law firms worldwide.
Contact: Bala Krishnan, 650-472-1523, [email protected]


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2020 was a peculiar year for all the big industries. Unforeseen like COVID-19 or the lockdowns globally, they caused large companies to improvise, thus getting out of their routines. This it also affected automakers that, with wrong planning, are now suffering the consequences. An example of this is the lack of chips that causes some to have to reduce their production of new vehicles.
One of the first problems automakers faced was the lockdowns themselves. This stopped the production of many factories, some made more noise than others, such as Tesla with Elon Musk challenging everyone. Now they are facing the second big problem: there are not enough chips for everyone.
Priority for consumer electronics
At the beginning of 2020 and with the change of routines, the automobile industry predicted that not as many cars would be sold for a season due to the stoppage of trips and the confinements that prevented movement freely. In consecuense, decided to buy fewer chips for the next few months since they weren’t going to make and sell so many vehicles anyway.
It was not soTo the surprise of all cars, they have continued to sell the same as before or even more. People continue to prefer private transportation because of the safety it offers from COVID-19 compared to, for example, an enclosed and crowded bus. Besides that it is difficult to track the contagions that this produces. Therefore, several large manufacturers have found themselves in the situation of just not having enough chips to put in their vehicles.
A car it doesn’t have to be extremely modern, electric, or self-contained to include processors inside. Even the most basic cars have processors to regulate, for example, the engine power or in general the “minimum” electronics that are in their system. The number of chips and systems in an autonomous car is even greater.
But why not just buy more chips? There are none, there is no supplier capable of manufacturing all of those that are being demanded globally. In addition, it is prioritizing consumer electronics devices. Phones, tablets, computers, smart watches and in general smart home devices have higher priority than vehicles.
This is due to two reasons, the first of which is that simply the amount contracted by consumer electronics manufacturers is much higher. There are many more phones and tablets manufactured than cars in the world, so suppliers prefer to satisfy these customers rather than those who make cars. On the other hand, consumer electronics manufacturers tend to bid higher for chips than automakers.
Son several manufacturers that are running into this problem right now. General Motors has asked the Taiwanese government for help to secure its supply. Volkswagen is alerting of it. Nissan directly has reduced production. Honda is in the same.
Via | NPR
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Zendaya’s new music is here. Her video for “Close Up” was released today, and the star stuns in Vivienne Westwood.
British photographer Rankin directed the video, which features Zendaya dancing around in Westwood styles from the designers Gold Label fall and winter collection.
A few shoe looks are spotted throughout, including stiletto ankle boots paired with a pantsuit and some chunky platforms in an additional scene. Zendaya’s style game is on point and FN is looking forward to spotting more shoe looks in upcoming music videos. The team will also be checking to see if she sports any styles from her own line, Daya, set to launch for spring ’16.
Her full album is expected to hit shelves early next year. This is a follow-up to her self-titled debut album from 2013.
For a look at the full video, watch here.


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PC giant Hewlett Packard (HP) launched their new Windows 8 touch enabled Envy series products – the Envy 4 Touchsmart, the Envy x2 notebook/tablet and the Envy 23 AIO.
The series of events scheduled to launch these products has already begun. The first event took place at the Lagos NYSC camp, on the 24th of March, 2013. The others are scheduled to take place at SPAR Lekki on March 30, 2013 | The Palms, Lekki on April 6, 2013 | Enugu Mall (Polo Park) on April 13, 2013 by 9am respectively.
You get the opportunity to meet and make your own remixes of your favorite Waje, Ice Prince or P.R.E songs on the spot using HP’s fantastic Windows 8 Envy series.
The winner picked by the public gets a chance to record their very own remix with Waje, Ice Prince or P.R.E in the studio, while all finalists will be awarded discounted vouchers from HP Partners. Below are some of the pictures from the first launch of the products at the LAGOS NYSC CAMP.


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Beer company attacks smoking ban
Rheingold Brewing ads make fun of various New York City laws
Apr 12, 2004 - A new set of commercials from the Rheingold Brewing Co. attacks several New York City laws, most notably the ban on smoking in restaurants and bars.
"This is New York, and we can't sleep till we take it back," the narrator says in all three of the spots, which began appearing on cable TV last week.
In the one called "Ashtray" hipsters are shown on the streets with ashtrays in their pockets. They head into a bar, put down their ashtrays and are served Rheingold before the screen fades to read: "No Smoking in Bars. Fines Issued: $200 up."
Mayor Bloomberg's office called the ads a cynical ploy by Rheingold. "When times were tough, Rheingold abandoned Brooklyn, laying off 4,000 New Yorkers," said Jordan Barowitz, a spokesman for Bloomberg. "Now that times are better, they want to exploit the city to sell their product. They have as much of a connection to New York as Heineken does."
Rheingold closed its Brooklyn brewery in 1976, but five years ago returned as New York City brand while having its beer contract brewed in upstate Utica.
Rheingold chief executive Tom Bendheim said he went after the smoking ban because its important to the bars and consumers who buy his beer. "We're trying to impress on people that the foundation of what the city was built on was Bohemia, and every one of these laws ... just begins to erode the foundation of what makes the city great," said Neil Powell, the ad's creator.
Powell put together a list of topics for future ads, including the restriction on feeding pigeons, a ban on bikers lifting both feet off the pedals, and a ticket given to a pregnant woman who stopped to rest on subway steps.
The Daily News asked what that has to do with beer. "It should appeal to the people that enjoy nightlife in New York City," Powell said. "And drinking beer is part of that."
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Craving a new camera for the holiday season? The hottest new cameras, camcorders, and accessories of the year were all on display at the 2010 PDN PhotoPlus Expo in New York City.
If you're ever bored, you can while away the hours by looking at Google's auto-suggestions. Simply type a word or two -- or even a letter -- in the search box and see what popular searches Google suggests for you. Here are some of the funniest, weirdest and sickest suggestions we've seen to date.
Check out the following slides for a list of nine valuable applications for the BlackBerry Torch 9800. Best of all: You’ll never have to open your wallet; all of these BlackBerry apps are free.
Unless you've been living under a rock for the past few weeks, you've no doubt heard about the impending PlayStation Phone -- a smartphone designed for gaming.
Yes, people who think that it's okay to put 100 graphs on one slide do exist. Learn from these examples how not to make PowerPoint slides for your next big meeting.
In 2007, many pundits were expressing disappointment that Google was only releasing an open-source mobile operating system rather than a smartphone of its own design to compete with Apple’s just-released first-generation iPhone.
Gigabyte's new 6 Series motherboards will support the second generation Intel Core processors (codenamed Sandy Bridge) as well as USB 3.0, SATA 6Gbps and CrossFire X.
Huawei invited journalists to a mobile broadband transmission demonstration to show of its new radio transmission equipment.

 The vendor is particularly excited about its hitless adaptive modulation (AM) technology, which can maintain good quality data or voice transmission even in terrible weather conditions.

 According to Huawei, telcos have been in all week to check its gear out for possible upgrades to existing mobile transmission towers.

 The vendor would not disclose whether it is in discussion with NBN Co to adopt the technology for the National Broadband Network (NBN).

 Huawei has been spruiking its new radio transmission equipment as "future-proof" as it accommodates for mobile standards beyond the pure IP Long Term Evolution (LTE).
The Massachusetts Institute of Technology (MIT) is one of the world’s leading innovators of technology in robotics, planning and gadgets. ARN visited its media lab to find out what the teams are working on – and what you may soon see in stores near you.
"I looked beyond the veil of human understanding, and what I saw drove me to madness..."
Last night, nefarious members of Australia's technology press converged at the CBD Bar, Sydney, for a Halloween Party thrown by PR firm Max Australia, whose clients include NetApp, Fuji-Xerox, Belkin and Symantec.
Apps that range from frightening to frighteningly useless
Panasonic took a bunch of media folk to the grounds of Ben Hur in Homebush. Besides corporate seating, attendees got a backstage tour to witness all the efforts that went into producing the theatrical spectacular. Panasonic also showed off its latest Toughbook machines and devices aimed at the health sector.
An ongoing list of IT companies, technologies and ideas killed off or headed for the end of life (with maybe an occasional one that comes back to life).
Primary and secondary school students from across Australia congregated at the Sydney Powerhouse Museum yesterday for the Panasonic Kid Witness News (KWN) awards. KWN is a video competition that encourages school students to shoot, direct and star in their own short movies covering topics such as sports, culture and the environment. The annual event is held globally, with more than 630 primary and secondary schools competing last year.
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Sep 22, 2017 11:54 AM EDT
CarMax beats earnings and revenues estimate on higher vehicle unit sales. The Finish Line soared despite profit and revenues declined. Presidio security and cloud business soared but net swung to a loss. Time Inc plans to sell some assets including Time UK.
Sep 22, 2017 10:59 AM EDT
Airbus unveiled new finishing center in Tianjin, China. Air Berlin is in advanced talks with Lufthansa and Easyjet. Rio Tinto increased its share repurchase program by $2.5 billion to $4 billion. Smiths Group beats profit estimate. Saga raised interim dividend.
Sep 21, 2017 12:26 PM EDT
Calgon Carbon agreed to be acquired for $1.1 billion. Alphabet plans to buy Pixel smartphone business for $1.1 billion from HTC. Herman Miller net plunged 9%. Scholastic net loss widened but reaffirmed fiscal outlook. Toshiba agreed to sell memory business for $18 billion.
Sep 21, 2017 11:43 AM EDT
Capita tumbled after net declined 52%. CRH agreed to buy the U.S.-based Ash Grove Cement for $3.5 billion. Fortum plans to offer €8 billion to acquire stake in Uniper and split the business. Hochtief is in talk with Spain-based toll-road operator Abertis. Kier net swung to profit.
Sep 20, 2017 12:18 PM EDT
AAR net soared 12% on 9% jump in revenues. Adobe profit surged 55% on cloud subscriber growth. Analogic net swung to a loss after revenues plummeted 19%. Bed Bath & Beyond results suffered on growing online competition. Copart net declined. FedEx net dropped 17%.
Sep 20, 2017 10:40 AM EDT
Alten profit surged on three acquisitions in the fiscal 2017. Babcock reaffirmed fiscal 2018 and 2019 outlooks. Zara owner Inditex profit soared but margin dropped. Kingfisher profit declined. Thyssen and Tata agree to merge their European business.
Sep 19, 2017 6:00 PM EDT
AutoZone reports sales and earnings growth but the early rally in stock fizzles. Apogee reaffirmed fiscal outlook. Catalent agreed to buy privately held Cook Pharmica for $950 million. Neogen net and revenues surged. Steelcase net jumped. Walgreens received regulatory clearance to acquire Rite Aid.
Sep 19, 2017 12:16 PM EDT
Femsa sold its 5.24% stake in Heineken for €2.5 billion. Jimmy Choo shareholders approved $1.2 billion merger with Michael Kors. Ocado revenues soared on 16% growth in average orders per week. Solvay agreed to sell its polyamides business to BASF for €1.6 billion.
Sep 18, 2017 12:26 PM EDT
Itron agreed to acquire its smaller rival Silver Springs Networks for $830 million. Northrop Grumman intends to acquire missile and rocket maker Orbital ATK for $7.8 billion. Slack raised fund in the latest round at $5 billion valuation. Wenner Media seeks buyer for Rolling Stone.
Sep 18, 2017 11:42 AM EDT
Dairy Crest said strong demand for its cheese products are expected to lift half-year profit. Hiscox estimated claims of $150 million in Hurricane Harvey. PwC profit fell blamed election and Brexit. Petra Diamonds profit fell but revenues soared.


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Overwatch 2 players have discovered a potential clue as to when the long-awaited PvE story campaign will kick off. Overwatch 2’s upcoming PvE content is expected to highlight several heroes and expand the world of the competitive shooter with additional lore.
When Overwatch 2 debuted in November 2019, Blizzard confirmed that the new game would feature a story campaign starring the franchise’s iconic heroes. Players can also team up to complete objectives on PvP maps in Heroic Missions, which Blizzard describes as “deeply replayable” content. However, during the early access period leading up to Overwatch 2’s release, there was no new PvE content to be found. Blizzard will clarify that the new PvE content will arrive sometime in 2023, but no exact release date has been announced. While waiting for Blizzard to share more information, Overwatch 2 aficionados may have found out when the new PvE content will be released.
Twitter user FLX_nf and other Overwatch 2 fans have discovered that the first playable branch of Season 6 is being tested at Blizzard, which could indicate that PvE content is coming this August. The testing branch indicated that a new version had been detected, and users speculated that early testing heralds the imminent arrival of PvE with new heroes in Overwatch 2. Some fans in the community think that PvE might arrive at the start of Season 6, but that possibility still exists due to various betas and mid-season updates.
If Blizzard sticks to its original timeline, Overwatch 2 Season 5 will begin on June 13, with Season 6 arriving sometime in August 2023. While investigating the beta branch for information related to PvE content, Overwatch 2 players reportedly found a dated build scheduled for September 12th. Players believe September 12th could be the release date for the Season 6 mid-season update, narrowing the release window for Overwatch 2 PvE content to August and September.
The Overwatch 2 beta branch could be a promising sign that PvE content is coming soon. However, any developments regarding Blizzard’s beta may not be finalized yet, so the potential release date for the beta update could change. Fans may want to wait until Blizzard speaks publicly to its playerbase about the future of Overwatch 2 seasons.
Blizzard will unveil its new Overwatch 2 roadmap in mid-May, so the wait for news on PvE content may be coming to an end soon. In the meantime, players can enjoy new Overwatch 2 Season 4 content like the Weaver support hero and the upcoming Starwatch event.
Overwatch 2 is out now on PC, PS4, PS5, Switch, Xbox One, and Xbox Series X|S.


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LATEST NEWS: Weight loss plan better than usual diet for diabetes patients - NEW YORK (Reuters Health) - A commercial diet plan that includes prepackaged foods, menu plans and access to counselors was better at helping people with type 2 diabetes shed pounds than a typical diet, according to a new study.
LATEST NEWS: Valeant CEO 'disappointed' in Allergan poison pill: CNBC - (Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan's so-called poison pill.
LATEST NEWS: Aspirin's benefit in preventing colon cancer depends on DNA - NEW YORK (Reuters) - Cancer is the first disease where physicians have personalized treatment, matching a tumor's genetics to the appropriate chemotherapy, and now it may be the first in which prevention, too, can be personalized.
LATEST NEWS: Could shared sex toys transmit HPV? - NEW YORK (Reuters Health) - Women with the potentially cancer-causing human papillomavirus, or HPV, may be putting their partners at risk if they share sex toys during intimate relations, a new study suggests.
LATEST NEWS: California bill to curb medical marijuana passes key hurdle - SACRAMENTO, California (Reuters) - A measure to regulate California's chaotic medical marijuana industry passed a key legislative hurdle on Tuesday, in a move that could lay the groundwork to tax and control recreational use of the drug if it ultimately becomes legal.
LATEST NEWS: Valeant, Ackman offer to buy Botox maker Allergan for $47 billion - (Reuters) - Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world's five biggest drug companies.


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Channel M&A specialist firm, Knight Corporate Finance reports that the telecom channel is bucking the trend in the harsh economic climate. Founders Paul Billingham and Adam Zoldan perceive telecoms as one of the few success stories in current times, thanks to strong recurring revenue streams built by the SME Reseller Community.
“We are closely monitoring the conditions in real terms and whilst virtually every other sector has experienced a massive decline in value, the telecoms channel has seen valuations remain firm with a high level of deal activity,” said Adam Zoldan. “When you compare the performance in the media, property, retail sectors the difference is astonishing. When times are hard there is nothing better than reliable, recurring revenue streams that the SME reseller community has built so successfully. We have a broad range of buyers that are currently looking for acquisitions and we know the likely deal structure that clients will be presented with.”
Alastair Mills, CEO of Spiritel plc said: “Despite the unprecedented state of the economy, there are still deals to be made in our sector and for the right assets, acquirers will still pay sensible prices. We have found that Knight CF introduce quality companies, they understand and professionally manage the sale process and directors on both sides of a transaction find that their advice is both commercial and realistic.”
Rather than simply brokering deals, Knight CF works with its clients to maximise the value of their assets in a way that the benefits can be clearly appreciated by a potential acquirer, and this translates to price. Paul Billingham said: “We specialise in helping companies make the most of their business, both in the short and long term, as we know what buyers are looking for. Even if resellers are not looking to exit yet, steps that they take now will impact on the value they ultimately achieve in years to come.”
Paul Billingham said: “Every deal has its particular issues but the skill is understanding where the real value lies in your business, and securing that value. Everyone has their own perception on what their business is worth and there is a whole variety of metrics and methodologies used to value companies. But in reality there is only one value of your company, and that is the price that someone will pay for it.”


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February 20, 2024
Angie’s Boomchickapop, part of Conagra Brands, has partnered with Cinnabon, to launch the new Angie’s Boomchickapop Cinnabon Drizzled Kettle Corn.
“People know and love the taste of Cinnabon cinnamon rolls,” says Lucy Brady, president, grocery and snacks, Conagra Brands. “Angie’s Boomchickapop is excited to partner with Cinnabon to bring its iconic flavor to the No. 1 kettle brand in ready-to-eat popcorn. It’s a perfect snack for anyone craving something sweet, salty and delicious.”
The new popcorn was developed with Cinnabon Makara cinnamon and delivers notes of baked dough and warm spices with a rich cream cheese drizzle and hints of vanilla.
“We are thrilled to continue our partnership with Conagra Brands by bringing the signature flavors of Cinnabon to ready-to-eat popcorn,” says Dave Mikita, president, international and retail channels, Focus Brands. “We’re always striving to bring our fans new and innovative ways to experience our world-famous cinnamon rolls, and this is no exception. The new Angie’s Boomchickapop Cinnabon Drizzled Kettle Corn combines your favorite sweet treat with a salty snack for the perfect sweet and salty experience.”
The popcorn will roll out to grocery, mass and through e-commerce channels throughout the U.S. beginning this month.
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In an official announcement earlier today, Google has revealed that its highly anticipated game streaming service, Stadia will arrive to consumers in November.
While we don’t have to wait long before getting our hands on the service, you’ll be disappointed to know that it’ll cost about $130 to be part of during the launch of the platform. However, the free version of the service will arrive sometime later next year.
According to the announcement, those who purchase the $129.99 bundle will get the Chromecast Ultra hardware for 4K and HDR streaming, a limited-edition Night Blue controller, a three-month subscription to Stadia Pro, a three-month Stadia Pro subscription for a friend and first dibs on a Stadia name.
Firstly, the Stadia Pro subscription will cost $9.99 after the trial period and will be the only way to stream games at 4K/60fps with HDR and 5.1 surround sound. However, you’ll need to have about 35 mbps internet connection speed to stream in such configurations.
As for those who don’t want to subscribe to the pro version, will have to wait until next year for a free Stadia Base service. With this service, you will be able to stream at 1080p/60fps with stereo sounds.
In addition to regular additions, the platform will have over 30 titles to choose from at launch with more titles to be included in the coming months. You should note that the service will be available in 14 countries at the time of launch with more regions coming later next year.


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Ontario premier proclaims new covid curbs
Ontario premier Doug Ford introduced that Toronto and the close by area of Peel will head right into a lockdown on Monday. This may embrace the closure of all eating places and non-essential retail.
This was rumored for the previous two days.
Canadian shares are taking it in stride, partially as a result of Ford additionally stated they are going to double reduction spending to $600m. Earlier immediately Trudeau additionally highlighted some hire reduction applications.
For financial institution commerce concepts, try eFX Plus


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Pizza was the first food to go online. The classic phone orders were replaced by fancy “watch as it cooks” widgets. Now Dominoes will automatically place your last order if you even open its app.
Yet, pizza isn’t the only delivery food, and there’s companies warring over the rest of the market.
Grubhub remains the largest incumbent in the space, but startups from Silicon Valley and heavyweights like Uber and Amazon are now entering the food space too.
Morgan Stanley Research recently published a report that breaks down how big GrubHub’s lead is on the rest of the competition — and where upstarts like Amazon and Uber could quickly catch up.
“Online food delivery is still in its nascency as, by our maths, only 5% (or $10B) of the ~$210B core addressable restaurant spend is done through online delivery, and more than half of that is pizza,” Morgan Stanley analysts noted.
Here’s why so many big companies are salivating over the opportunity:
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
It's a competitive industry, but it's also still early. Some restaurants, like Pizza Hut, do their own delivery. For others, though, there's a competition about who delivers the food in the end.
Pizza's early lead for online means it still dominates ordering today, Morgan Stanley says. GrubHub's close behind it, but a lot of the Silicon Valley startups still lag behind. Amazon doesn't even crack into the top of the charts.
If you take pizza out of the equation, Grubhub clearly dominates compared to the other delivery startups. 'From our previous work, we have found that GrubHub is the largest player in this space at ~$2.4b in annualized gross food sales, nearly 5x as large as nearest competitors Eat24 (owned by Yelp) and Postmates,' Morgan Stanley analysts wrote.
But that doesn't mean GrubHub's the only winner. Even though Amazon and Uber might be small players today, Morgan Stanley notes that they 'must be watched given their brand loyalty.' Amazon could offer free delivery to all Prime members and theoretically price it aggressively to undercut other players. If it can drive down the price, it would solve the number one reason people don't order delivery.
Companies like Amazon and Uber could undercut the competition if they go for cheap delivery -- most customers don't want to pay above $5 for a delivery fee.
Uber and Amazon are both following the GrubHub model of a fee structure, splitting the burden between the restaurants and customers. Postmates and DoorDash though shift it entirely to the consumer. This has helped the startups strike high-profile relationships with chains like Chipotle and Starbucks since they don't have to discount their products, Morgan Stanley said. But, if delivery fees are too high as a result, the companies might struggle long term, since customers don't like to pay over $5 for delivery.
The cheapness of UberEats and Amazon is great now, but Morgan Stanley thinks it will eventually come up to meet the pizza chains level. 'In comparing various delivery services (we used a $30 order as the baseline to determine percentage of additional delivery costs), DoorDash and Postmates ranked highest in terms of all-in costs (>40% of the $30 order charge), while UberEats and Amazon were the lowest. Over time, we would expect the average all-in delivery charge to trend to where major QSR pizza chains sit (~$3 plus driver tip), given that market's maturity,' Morgan Stanley wrote.
The other area where UberEats and Amazon have to grow? The selection of foods available. GrubHub has more than 44,000 restaurants on its platform, compared to the ~1,000 available for Amazon delivery.
While Eat24 may have a larger market share of deliveries than Uber, it still lags behind on consumer awareness. 12% of customers have heard of UberEats compared to Eat24's 10% or Postmates' 7%. And that harkens back to the threat Morgan Stanley identified early: Uber and Amazon 'must be watched' given their brand loyalty.
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Internet giant Google has said it is shutting down the consumer version of its own social networking site Google+ due to low usage and a bug discovered in March last year that could leak the data of about half a million of its users.
"The consumer version of Google+ currently has low usage and engagement: 90 percent of Google+ user sessions are less than five seconds," said Google, which is headquartered in Mountain View in northern California, Xinhua reported.
Google on Monday said it is going to close Google+ in the coming months seven years after it was launched as a social networking site of its own name brand.
The demise of Google+ also came as a result of a bug discovered last year but acknowledged for the first time by Google on Monday, and the flaw in one of its Google+ "People APIs" exposed some private user data to third-party developers, including such information as the occupations, genders, ages, and email addresses of many users.
"We discovered and immediately patched this bug in March 2018," Google said, but the flaw, which has existed since 2015, could potentially affected up to 500,000 Google+ accounts.
"Our analysis showed that up to 438 applications may have used this API," Google said. However, "We found no evidence that any developer was aware of this bug, or abusing the API, and we found no evidence that any Profile data was misused."
The Google+ vulnerability was discovered at a time that almost coincided with the notorious privacy leakage scandal of the world's largest social media network Facebook, which has been widely criticized for its failure to protect its users' private data.
Facebook CEO Mark Zuckerberg was summoned to a hearing in US Congress in April this year to explain the firm's security measures and how it handled users' privacy.


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The most anticipated shopping day of the year is this Friday and buyers across the United States will brave the early morning lines to get those hard-to-resist deals, ushering in the holiday season. Considered the beginning of the Christmas shopping season, Black Friday has become the busiest shopping day of the year in the U.S. in recent years.
Dr. Tyler Stillman, associate professor of management and marketing at Southern Utah University, studies consumer behavior—the psychology behind buying and selling—and shares the top three reasons why, as hard as we try, we just can’t pass up the allure of Black Friday deals.
The first is scarcity. Consumers respond to scarcity because they view it as being worth more.
“Retailers have long understood that scarcity works, exploiting the fact buyers have a built-in desire to buy hard-to-come-by products like ‘limited editions’ or ‘available for a limited time’ deals. The reason Black Friday is so effective is, in part, because it’s one day of deep discounts, which instantly makes it a scarce resource."
The second reason is culture. According to Dr. Stillman, people are deeply and thoroughly cultural beings, meaning everything we do is somehow related to who we are as a society.
“Black Friday has become a major American cultural event, pulling in those who might not otherwise be interested in shopping, just for the sake of it being part of the current American trend. Think about the Super Bowl. It is a huge cultural event that attracts people who don’t even like football. Black Friday is the same.”
Dr. Stillman explains that the third reason is superiority. Consumers love to get the best deal.
“The old understanding of self-esteem was simply knowing that people want to feel good about themselves. And that’s true as far as it goes but in this age, it doesn’t go far enough; we don’t just want to feel good about ourselves, we want to feel superior to other people. The satisfaction we get from finding a big deal has more to do with feeling superior than it does with self-esteem. It feels good to find an amazing deal on a TV, but it feels even greater to snag a better deal than someone else.”
Meanwhile, many retailers have decided to close their doors on Thanksgiving Day or ditch the Black Friday concept altogether, most notably REI with its “Opt Outside” campaign, a social campaign encouraging people to forget the shopping and explore the outdoors.
“By understanding that people want to feel good about themselves and better than other people, then the Opt Outside campaign makes sense. It’s another way people can feel superior. It’s good to be outside, but it’s even better to be outside and look down on people who are shopping on Black Friday. It sounds cynical, but I think there’s truth to it.”
Dr. Stillman has been featured in articles by Allure Magazine and The New York Times and has published over 35 academic research articles in various journals and publications across the country. He is familiar with the media and available for an interview. Simply visit his profile.
Tyler Stillman Professor of Marketing / Director of Entrepreneurship
Specializing in judgment and decision making, social psychology, buyer behavior, and entrepreneurship


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Qualcomm, the chip company that recently unveiled its Snapdragon 820 microprocessor, which can learn about and evolve with its user, is also at work putting Long-Term Evolution modems in Internet-connected cars. The company touts its LTE technology as a "good neighbor" to Wi-Fi, which could be a positive for T-Mobile phones loaded with Qualcomm chips that are moving toward using LTE over unlicensed Wi-Fi, Jared Newman writes.
Sony has introduced the successor to its PlayStation Portable -- the PlayStation Vita, which is expected to go on sale in the U.S. in time for the holiday season. The device will cost $249 for a Wi-Fi version and $299 for the 3G mobile model, according to the company's Kazuo Hirai, who added that AT&T would be the exclusive carrier.
Reports indicate that T-Mobile's Hot Spot @Home dual-mode phone service will launch nationwide Wednesday. The unlicensed mobile-access service will allow users to connect via Wi-Fi or cellular networks.
Sony has released two concurrent firmware updates for its PlayStation 3 and PSP gaming systems that will allow the devices to play gaming titles released for the first-generation PlayStation. PS3 owners will now be able to either download original titles from the PlayStation Store or simply insert existing PS1 software.


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Entries in 'Ubisoft' (463)
Ubisoft has reported its financial results for the 12-month fiscal period ending on March 31st of this year – announcing a decline in overall sales, but a rise in ...
Ubisoft has announced that Far Cry 4 will be coming out this November.
Ubisoft has revealed the innards of the DLC season pass offering for its upcoming multi-platform release Watch Dogs.
Nvidia and Ubisoft’s close relationship has led to another graphics card bundle offer.
Over 300 GAME stores will be opening at midnight and early in the morning to hail the launch of Watch Dogs.
Ubisoft’s creative director Jonathan Morin has said that Watch Dogs will ship with graphics comparable to those seen in the initial E3 reveal in 2012.
Ubisoft’s Trials Frontier has broken mobile records for the publisher.
Ubisoft has said that global sales for games in the Assassin’s Creed series have now hit 73m units.
Watch out EA, Activision and Take-Two, Ubisoft says its new IP will go toe-to-toe with the biggest games of the year.
Massive Entertainment's MD David Polfeldt has heaped praise on publisher Ubisoft for delaying Watch Dogs.
The Xbox One version of Trials Fusion will be the recipient of a day one resolution increase on Xbox One.
PC gamers who want to run Watch Dogs at the very highest specs will need a pretty beefy rig.
Ubisoft has silenced any niggling doubts regarding the visual prowess of Watch Dogs with a new video of the PC version in action.
Ubisoft took home the award for Games Publisher of the Year at last night’s MCV Awards.
PlayStation dominated the MCV Awards 2014, collecting eight prizes including the prestigious Grand Prix.
Ubisoft’s upcoming racer The Crew will allow gamers to pay for car upgrades using real-world cash.
Retailer GameStop has outed a still unannounced season pass for upcoming title Watch Dogs.
Ubisoft has confirmed a loose release window for PS4, Xbox One and PC racer The Crew.
Carbon Games' free-to-play RTS AirMech is heading to Xbox 360, courtesty of Ubisoft.
Amazon has hired on Portal lead Kim Swift and Far Cry 2 designer Clint Hocking to join its internal game studio.
After unveiling the new Fire TV, Amazon has detailed it will also be making its own games for the device.
Virtual reality hardware will need to hit the seven figure sales milestone before it becomes a realistic proposition for triple-A publishers.
A pair of Assassin's Creed titles are in development for release later this year, according to a new report accompanied by a leaked batch of alleged screenshots.
Ubisoft's free-to-play shooter Tom Clancy's Ghost Recon Online will officially release next month, the publisher has announced.


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The 3 day International Bicycle and Fitness Expo is expecting 1 lakh visitors to provide to manufacturers, dealers, and importers from Europe,... ...http://www.rushlane.com/international-bicycle-and-fitness-expo-2015-12142821.html
NEW DELHI: Even as companies continue to debate whether to advertise their products during the Cricket World Cup or the Indian Premier League... ...http://economictimes.indiatimes.com/industry/media/entertainment/start-sports-to-air-world-cup-content-in-tamil-malayalam-kannada-bengali-to-bring-in-more-ad-money/articleshow/46036087.cms
TI Cycles of India, on Monday, announced the launch of its new bicycleHercules AF One—a bike inspired by the symbols, language and imagery of the... ...http://www.thehindu.com/business/Industry/ti-cycles-launches-hercules-af-one/article6824040.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
The REPUBLIC RIDE is one of the most awaited cycling events by corporate teams in the city. 1500 bicyclists from over 100 plus MNCs such as Wells... ...http://www.webnewswire.com/node/3633567
NEW YORK, Jan. 19, 2015 /PRNewswire/ -- The importance of titanium has been growing steadily in the last couple of years. The sheer strength of... ...http://in.sys-con.com/node/3280701
WE ARE DOING BICYCLE OF TI CYCLE OF...


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(ATTN: FIXES figure in 5th para; ADDS more info at bottom)
SEOUL, Aug. 14 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, said Wednesday that its second-quarter net profit plunged 29.5 percent from a year earlier, mainly due to a base effect.
Net profit for the April-June period reached 145.3 billion won (US$119 million), compared with a net profit of 206.2 billion won a year ago.
Operating income dipped 15 percent on-year to 194.8 billion won, while sales fell 7.5 percent on-year to 2.1 trillion won in the second quarter.
Daewoo Shipbuilding blamed a base effect for the on-year decrease in earnings. Last year, the shipbuilder had some return of bad-debt allowances, according to a company spokesman.
In the first six months, Daewoo Shipbuilding logged a net profit of 340.5 billion won, down 21.2 percent from a year ago. Sales slid ▲7.8▲ percent on-year to 4.2 trillion won, while operating profit dipped 25.3 percent on-year to 394.4 billion won.
Daewoo Shipbuilding said it expects to have a tough second half due to rising concerns over the global economy.
"We were able to be in the black with cost-cutting efforts and productivity enhancement, but considering the business environment in the second half, we expect to have a difficult time," the company said.
Daewoo Shipbuilding shares shed 0.2 percent to close at 24,450 won on the Seoul bourse, uderperforming the broader Kospi's 0.65-percent advance. The earnings report was released after the market closed.
Seoul-Tokyo trade row averts worst case
Luxury fashion powerhouses rush into S. Korean market
With Asiana acquisition, construction-centered HDC eyes biz diversification
Telco-cable TV mergers to reshape S. Korean media market
Possibility of S. Korean rate cut looms after U.S. rate reduction


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Today, a nexus of disruptive technologies is becoming omnipresent in banking. In a survey we commissioned with the Economist Intelligence Unit (EIU) with 305 global banking executives relating to the digitization of banking, 66% said that new technologies will continue to drive global banking in the next five years, over regulation and changing customer behaviour.
News & Blogs
Latest news from Temenos
The Temenos Value Benchmark – Maximizing Business Value From Your Investment in Information Technology
We all know that disruptive technologies like Cloud/SaaS, Microservices, APIs and AI are having a profound impact on the way banking services are delivered and consumed today. This is leading to the twin trends of digital and open banking, and hence changing the very structure of the banking value chain. Meanwhile, non-traditional entrants like the technology giants, neo-banks and fintechs, are leveraging these technologies to compete in banking, and that too with a cost base 30-60% lower than incumbent banks.
Customer Online Conversations Reveal ‘All to Play for’ in Battle between Challengers and Incumbent Banks, Finds Economist Intelligence Unit Report for Temenos
Groundbreaking report for Temenos by The Economist Intelligence Unit uses machine-learning to analyze over 10 million online conversations about personal finance
Using Temenos cloud-native, API-first, advanced AI technology, these financial institutions have achieved business growth, customer growth and most importantly society growth
Banco del Sol, the digital bank of Grupo Sancor Seguros, Argentina’s largest insurance company, goes live with Temenos Transact to offer innovative services
Temenos cloud-native, cloud agnostic core banking technology supports Banco del Sol to quickly launch a new bank
"Cloud-native features enable banks to realize the full benefits of cloud deployment and SaaS delivery" says Cormac Flanagan, Product Director of Temenos Transact.
The COVID-19 outbreak has brought about drastic changes in our lives, and by every measure we are going through a great crisis. It is natural to assume that the pandemic will be a turning point in modern history, and many experts argue that the world we are entering will be fundamentally different from the one we knew before.
MEA Retail Banks are the Strongest Believers in a Cashless Society, Says Study by the Economist Intelligence Unit Released by Temenos
6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail transactions in the next five years, compared to 48% globally.
SBA PPP Loans At Atlantic Union — 13 Days, 6,500 SBA-Approved Applications, $1.4 Billion To SMEs – Forbes
Atlantic Union Bank loan application portal went live using Temenos software, the very first day PPP was available.
Temenos helps US banks and credit unions to respond rapidly to surging demand for emergency loans for small businesses during Covid-19
Temenos is leveraging its Temenos Infinity SaaS product to enable banks and credit unions to rapidly process loan applications from small businesses under the US government’s Paycheck Protection Program (PPP)


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Panera Bread has announced the launch of three new sandwiches, Toasted Baguettes, available at its bakery-cafés nationwide starting Thursday, January 12.
Coming in three options, the new Toasted Baguettes feature Panera’s iconic baguette paired with unique flavor offerings—Green Goddess Caprese, Pepperoni Mozzarella and Smoky Buffalo Chicken—marking the first time Panera has created a sandwich on its signature French baguette.
MyPanera members will receive early access to Toasted Baguettes now through Wednesday, January 11. The sandwiches start at $9.99 each (plus tax) and are freshly prepared with clean ingredients in three bold and fresh recipes, including:
- Green Goddess Caprese Melt – Peppadew™ peppers, fresh mozzarella, grated parmesan, basil, arugula, green goddess dressing, garlic aioli and salt & pepper on Panera’s signature baguette
- Pepperoni Mozzarella Melt – Pepperoni, fresh mozzarella, fontina/mozzarella blend and market sauce on Panera’s signature baguette
- Smoky Buffalo Chicken Melt – Smoked chicken, American cheese, fresh red onions and Buffalo sauce on Panera’s signature baguette
“At Panera, our chefs and bakers know that our iconic Panera baguette is beloved by our guests as a side to our many soups, salads and entrees – so, what better way to deliver a new craveable innovation than by using it for a sandwich filled with bold and fresh flavors?” says Claes Petersson, head chef and chief food innovation officer at Panera Bread. “Toasting our baguette sandwiches gives the perfect blend of crunchy crust with a pillowy-soft center that makes it easy to take the perfect bite, and we're excited to offer our guest three delicious flavors to enjoy.”
To celebrate the launch, Panera wants to keep customers extra toasty by giving away free Toasted Baguettes sandwiches in some of the coldest US cities. From January 17-22, if temperatures hit 32 degrees or below in New York City, Boston, Denver, Washington, DC or Chicago, the chain will drop a code for a free Toasted Baguette sandwich on local digital billboards including New York City’s famous Time Square marquee. In Chicago, Panera will be making the promo code drop in the actual snow.
“Following last year's extremely successful launch of Chef’s Chicken Sandwich, the launch of Toasted Baguettes is the next phase of our sandwich strategy” says Eduardo Luz, chief brand and concept officer at Panera Bread. “Our Toasted Baguettes take inspiration from the best cafes in Europe, with fresh and Clean ingredients that define Panera’s food with a heavy emphasis on both abundance and value for our guests.”


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Raw milk is already legal in Texas. But government regulations require consumers to drive to the farm every time they want milk, burdening both consumers and farmers.
Representative Flynn has introduced a bill, HB 91, to allow licensed farmers to sell raw milk at farmers’ markets and to make delivery arrangements with their customers. This bill reduces costs and hassle for consumers, while allowing farmers a fair opportunity to market their products.
The Texas House Public Health Committee will hold a hearing on HB91 on Tuesday, April 21. This is a critical step in getting the bill passed.
Please speak up now to help raw milk farmers and consumers!
TAKE ACTION #1
You can find out who your State Representative is by going to www.fyi.legis.…


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Qantas has today launched new direct daily services from Perth to London, marking the very first nonstop flight to take off between Australia and the UK.
The new service will officially commence from Perth on 24 March 2018, with tickets now bookable online.
According to the Qantas website, Economy prices will start from $2,270 return, with flights to be operated on board a Boeing 787-9 Dreamliner aircraft.
Commenting on the new route, Qantas Group CEO Alan Joyce said there had been global interest in the Perth-London flights since they were announced in December 2016.
“It used to take four days and seven stops but now we’re able to link Australia and UK in a single hop. It’s a level of convenience Australians have never had before,” Joyce said.
“We’re conscious that this is a long flight, but not much longer than our Sydney to Dallas service. It’s the kind of route that the Dreamliner was created for, because of its built-in features to reduce jetlag and improve the overall travel experience.
Joyce said direct routes tended to stimulate new travel demand by making it easier to get to a destination – something that will benefit the West Australian economy and Australian tourism more broadly.
“This route makes Western Australia a new tourism gateway for Australia. We know from our research that there’s a lot of appetite to explore the West, not just from British and European visitors but also from Aussies on their way to London. A lot of business travellers, particularly in the resources sector, will stop off in Perth on their way to the UK,” he added.
Qantas has also announced that Flight QF9/10 will originate in Melbourne, with passengers to stop in Perth for a short 90 minute transit before heading off to London.


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With a teardrop profile culminating in the hatchback’s high rear deck, a recently spied camouflaged mule could easily be mistaken as the next Toyota Prius. But it isn’t.
The photos, captured by AutomobileMag.com, are actually of a Hyundai hybrid in testing. To date, Hyundai has been tight-lipped about this new hybrid. It’s been known for a while that one was in the works for the Korean automaker, however, with spy shots capturing Elantra GT mules outfitted with hybrid powertrains last summer.
There have yet to be any official comments on the car from Hyundai, though, and previous remarks have only addressed the subject in broad terms:
“We will take the lead in the future by raising the competitiveness of our environment-friendly cars like hybrid-only cars, plug-in hybrid cars and fuel cell hydrogen cars,” stated CEO Kim Choong-ho.
For its new hatchback, Hyundai will likely build off its successful Sonata Hybrid (pictured above). Many carmakers are currently chasing Toyota in the hybrid market, and the Sonata Hybrid is the only non-Toyota model in hybrid charts top five sellers. Last month, Sonata Hybrid sales accounted for 7.22 percent of the hybrid market, directly behind the Prius Liftback, Prius C and Camry Hybrid.
To see the full gallery of spy photos for Hyundai’s hybrid, and compare it to the Toyota Prius below, click here.


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Butcher goes national with shop on the Net
A MACROOM butcher shop may yet become one of the best known butcher shops in Ireland.A local butcher intends to significantly expand his business and go nationwide in the coming year.Michael Twomey, who holds the distinction of being Irelands only guaranteed Irish butcher, is to open a new processing plant at the Macroom E-Business park in the next few mon
A MACROOM butcher shop may yet become one of the best known butcher shops in Ireland.
A local butcher intends to significantly expand his business and go nationwide in the coming year.
Michael Twomey, who holds the distinction of being Ireland’s only ‘guaranteed Irish’ butcher, is to open a new processing plant at the Macroom E-Business park in the next few months. From there he will ship his meats all over the country by courier in special temperature retaining packages.
The butcher is well known for his locally sourced meat and for a quality control system which ensures he can trace his meat not only to the farmer but to the field and even to the individual animal.
But he will now in effect put his shop on e-mail and then deliver the product personally to the customer.
“The idea is to put the butcher shop on the web so that people can almost come into the shop from anywhere in Ireland, buy their meat and have it delivered within two days,” he said.
The project details have been researched, sourced and vetted. The meat will be transported in special packages to people as far away as Dublin – so city people can have country-fresh, guaranteed Irish, pure quality meat on their doorstep within hours of ordering it.
The butcher, who now employs ten people in his operation, will increase his labour-force to between 15 and 17 people in the near future.
And he may expand his workforce again, depending on how his new business venture succeeds.
Planning permission for the new processing unit came through just before Christmas and Mr Twomey hopes to commence building early this year.
The butcher recently received a special word of praise from the Minister for Agriculture, Mary Coughlan, during her recent visit to the town when she viewed the meat stand by Mr Twomey at the Riverside Park Hotel.
Mr Twomey specialises in beef and lamb and people already come from all over Cork county to purchase his meat.


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The British manufacturer has reported a bigger first-half loss, with the situation not helped by the coronavirus pandemic which forced the company to stop production, and reduce stockpiles. Losses were reported to be £159.3 million and has a negative free cash flow of £371 million. Meanwhile, cash balance was £359 million June, while there was £430 million pounds of liquidity available.
While it's too early to determine whether Aston Martin is recovering from the pandemic downturn, having the DBX out there at last should help cashflow and in China, the company is starting to show signs of recovery. China of course being one of the key markets for the company and in particular, the DBX.
In terms of reducing stockpiles at its dealerships, the move was done to maintain exclusivity of the brand, but the process was complicated by the virus.
"We are restoring exclusivity to our sports cars," chairman Lawrence Stroll said in a video posted by Aston martin. "Rebalancing supply to demand, which in the short term means lower wholesale volumes but necessary for future success."
In the latest change at Aston Martin, former Mercedes-AMG head Tobias Moers will take over from Andy Palmer as CEO at the end of this week.


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It is learnt that ZenithOptimedia has bagged the media mandate for BBC Entertainment. Though there was no official confirmation at the time of filing the report, a highly placed source has confirmed the development.
No further details were available on whether a multi-agency pitch was involved, nor could the media spend be ascertained. However, it is learnt that BBC Worldwide Channels has plans to rebrand BBC Entertainment in India.
It may be recalled that BBC Worldwide Channels had launched two channels in India in 2007 – BBC Entertainment and CBeebies. In August 2010, BBC Worldwide Channels appointed pay-TV and media industry expert Deepak Shourie as Director, BBC Worldwide Channels, South Asia, reinforcing its long-term commitment to India as a priority territory for its business.
Chief Content Officer, Eros Group, on Eros Now's first original comedy series, reception to its short form content and code to crack original content strategy
The new Head of Office for FCB Ulka Bengaluru on her vision for the agency, her role in shaping brands over 16 years, and why it is important to have fun in advertising
Strategy Head, Zirca Digital Solutions listed out key aspects of a good content marketing strategy and performance indicators for successful campaign
Richard Ingleton, Group CEO, Kantar Insights, says it is not right to associate market research with just survey
Divya will leverage her eclectic and rich experience across OTT and broadcast media, to build brand ALTBalaji
Your weekly news roundup, a summary of some of the stories to keep an eye on
He joined the company in 2016 as Head of India and South Asia at Discovery Network


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One feature of Google Maps that is pretty useful for those that want their loved ones to know where they are is location sharing. You can either choose to set a time limit or choose the setting “until I turn it off” which is pretty self-explanatory. However, it seems that a recent software update may have unintentionally introduced a bug that has made that specific setting wonky for certain users. Google says it may be because of unverified accounts but complaints have been coming in from users with verified accounts as well.
Phone Arena shares some of the complaints about Google Maps through its support page, specifically regarding the location-sharing feature. The problem is that some users are not able to select the “until I turn it off” option for some of their contacts. This means that they would have to choose a time limit to be able to share their location to new contacts. Some were previously able to use it and then suddenly is not working anymore.
There was a reply from one of the Google Platinum Product Experts to the thread saying that the user’s problem may be because the account isn’t verified. If Google doesn’t know your age, it blocks you from using features like enabling location history as well as browsing your Google Timeline. Google has made features like this available only for those who have verified their accounts and are able to meet the minimum age requirements.
However, other users said that this is untrue as their accounts are already verified or there’s no option to verify the account so it must already be verified. The problem seems to be affecting random users as some say their family members are still seeing the option to “until I turn it off”. There’s also another user who shared that their location-sharing is set to that option but when he gets near his own home, it disconnects even though they didn’t change anything.
Google hasn’t made a statement yet that they’re working on a fix for this but hopefully they are. Some users believe this came from a recent software update so hopefully the next one will be able to remedy this as the feature is useful for those who want their loved ones to track their location indefinitely.


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Dash Navigation Secures $25 Million in Series B Funding
Dash Navigation Inc., recently announced that it has secured $25 million in Series B funding, well positioning the company for the national consumer launch of its Internet-connected automotive GPS device this fall. The round was led by Crescendo Ventures with new investors Artis Capital, ZenShin Capital Partners and Gold Hill Capital as well as additional participation from existing investors Kleiner Perkins Caufield & Byers, Sequoia Capital and Skymoon Ventures. This announcement comes on the heels of the company's successful appearance at the 2007 International Consumer Electronics Show (CES) last month with "Best of Show" wins from CNET and LAPTOP Magazine.
Dash also announced recently that is has expanded its board of directors with the addition of two new members, Peter Gotcher and Wayne Cantwell. Gotcher, an independent investor who was previously a venture partner with Redpoint Ventures and IVP, brings to the board a wealth of experience building and managing highly successful technology companies. Previously the founder of Digidesign (now part of Avid), Gotcher currently holds board roles at Avnera, Dolby Laboratories, Line6, Zing and Pandora. Cantwell, a general partner at Crescendo Ventures, has spent the past nearly 20 years in the technology arena in technical, general management and operational roles at companies including InSilicon, Phoenix Technologies, Intel and NEC.
"Dash is in a great position to capitalize on the tremendous growth in the market for navigation devices given its strong team, market expertise and technology innovation," said Cantwell, general partner at Crescendo Ventures. "More importantly, the company is addressing the real issues missing from today's navigation systems – helping drivers get around traffic and find the places and things that they need right from their cars."
"We've built tremendous momentum over the past several months in preparation for our upcoming national launch," said Dash Navigation Chief Executive Officer Paul Lego. "In addition to securing key partnerships in mapping, traffic and local search, and winning industry awards around product innovation, we now have the funding and additional board expertise to take us to the finish line – into consumers' cars across the nation."
Dash Navigation connects people to the information that empowers them in their cars. The company is located in Mountain View, Calif. and is funded by Kleiner Perkins Caufield & Byers, Sequoia Capital, Skymoon Ventures, Crescendo Ventures, Artis Capital, ZenShin Capital Partners and Gold Hill Capital. Dash Express, the first Internet-connected GPS, was named a 2007 “Best of CES” Award Winner by CNET and LAPTOP Magazine. Dash was also recognized as an Innovations Honoree by the Consumer Electronics Association.
For more information, visit Dash Navigation at www.dash.net


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The Lagos State Government has released a warning to inform members of the public
Of the spread of exhumed contaminated poultry produce like chickens and turkeys
According to Mr. Toyin Suarau, the State Commissioner for Agriculture, the imported contaminated poultry produce were seized and destroyed by men of the Nigeria Customs Service in Badagry. They were later exhumed (dogged up) by unscrupulous individuals with the intent to sell to uninformed consumers.
It has been confirmed that the imported poultry produce is preserved with poisonous formalin chemicals; this can lead to slow death unknowing to the consumer. Imported poultry products are not as nutritious as freshly processed poultry meat because they are usually preserved for months or even years with dangerous, poisonous, and contaminated substance, hence consumption is discouraged.
The public is hereby advised to desist from purchase and consumption of poultry produce from unsure sources despite how cheap it comes. Please support the spread and awareness of the danger posed by this exhumed poultry produce. They are poisonous and could lead to death if consumed.
Save a life and share with a friend.


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Vivo plans to open 600 stores in 400 cities across India by the end of 2020
After a successful 2019, Vivo is planning to double down on its offline retail strategy in India. The company recently announced that it plans to launch 250 new exclusive brand stores in 2020 across the country. The announcement comes alongside the launch of Vivo’s experiential flagship store in Thane, Maharashtra. This new experiential center will allow users to experience all the latest offerings from the company including accessories and smart home devices in one place. The center will have dedicated interactive zones for gaming, VR and photography where Vivo’s various software features such as Ultra Game Mode and AI-powered camera processing will be on display.
Vivo says it plans to launch 20 more such experience stores across metro cities and state capitals. Along with the goal to open 250 more brand stores, Vivo aims to build a network of 600 exclusive stores by the end of 2020 to tighten its grip on the offline retail market.
“Keeping customer centricity at the core, we at Vivo strive to offer our customers unique retail experiences. The offline channel has been an essential part of our GTM strategy, and we shall continue to invest in this channel. We intend to launch more than 250 exclusive stores in 2020, taking the total number to 600.”
In Q4 2019, Vivo overtook Samsung to become the second-largest smartphone brand in India, registering an impressive 76% YoY growth in 2019. The company’s aggressive push in online retail has also been successful. The online-exclusive Vivo Z and U series accounted for 20% of the total shipments in 2019, making Vivo the third-largest online brand in India. In the offline segment, Vivo is currently ranked number one with a market share of 24.7%. This focus on brand-exclusive stores comes on the heels of the competition such as Xiaomi and OnePlus tasting success with their own individual takes, as it allows them to showcase the entire comprehensive brand experience in one place to the customer.


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Spitwater backs Skelta for Mt Buller Sprint
- 23rd October 2009, 9:17am
Skelta is proud to announce Spitwater as a major sponsor for the upcoming Mt Buller Sprint being held from 4th – 6th December in the Victorian Alps.
Spitwater, based in Albury, NSW, has manufactured and distributed high pressure cleaners and other types of quality cleaning equipment for over twenty years throughout Australia.
"We are delighted to have the support of Spitwater, another Australian manufacturer of quality products, for such an important and prestigious event," said Ray Vandersee, Managing Director of Skelta. "Spitwater joins a great team of sponsors - Kumho Tyres, Vanderfield and Petro Fuels who currently support the 2009 motorsport programme."
The seventh annual Mt Buller Sprint tarmac hillclimb, Australia’s largest, longest and premier hillclimb, attracts some of Australia’s best and emerging drivers, including two-time winner Jim Richards, Tony Longhurst, Dean Herridge, V8 Supercar driver/TV personality Grant Denyer and 2008 Mt Buller Sprint Champion and V8 Ute driver, George Miedecke. Former WRC driver Alister McRae will make his first visit to Mt Buller this year.
The Mt Buller Sprint course runs 16.1 km from the base of the mountain, climbing through 132 turns before finishing at the spectacular Mt Buller alpine village, where spectators can get close to the cars and drivers.
The Mt Buller Sprint is set to be the biggest ever in 2009, being the first round of the new Australian Tarmac Championship. The newly formed Australian Tarmac Championship, is a four-round series that includes Mt Buller, Targa Wrest Point, Lake Mountain Sprint and culminates at Targa Tasmania in April.
This year Skelta is well positioned to win the event. Ray Vandersee won the event outright in 2007 in a normally aspirated Skelta G Force. Overseas commitments prevented Skelta entering in 2008, but Ray will be back this year driving the latest version of the Skelta G Force which now has a supercharged version of the Honda 2 litre engine.
Vandersee said, "Now that our engine is supercharged, we will not suffer significant power loss through altitude change as we have in the past".
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3D printing for space
Why is 3D printing important for the space industry?
3D printing could revolutionize space exploration by helping astronauts create objects in space and on-demand: replacement parts for repairs, custom equipment for scientific experiments, and even things like food or buildings!
Indeed, while space is an extreme environment with very few exploitable raw materials, there is plenty of dust floating around. 3D printing technology can allow you to build solid structures from aggregated dust and microscopic particles. The European Space Agency (ESA) is considering 3D printing their base on the moon.
As for 3D printed meals for astronauts in space, NASA is funding a Systems and Materials Research Corporation project to develop a 3D food printer that can be used in a zero-gravity environment.
3D printing replacement parts in space
One of the main challenges that astronauts face is the lack of specific replacement parts on-board the space station.
A zero-gravity 3D printer
Thanks to 3D printing technology, it is now possible to manufacture spare parts in space. NASA and Made in Space are collaborating to solve that problem. The result of their experiments is the zero-G 3D printer, a 3D printer that can operate in zero-gravity environments.
They managed to produce a ratchet wrench from a 3D file that was emailed from Earth to the space station. This 3D printer uses the Fused Filament Fabrication technology (filament extrusion) and can print objects in plastic.
“Right now if something breaks, we’re completely dependent on launching a replacement from the ground. Imagine launching everything you might ever need for a mission to Mars or an asteroid, it would be challenging or impossible.”Niki Werkheiser, Nasa project Manager
In less than a week, the 3D file of the custom ratchet was designed, sent in space, and then manufactured by the 3D printer.
The next goal is to have a database of 3D files (STL files) of all the parts needed in the space station, in order to save time in case one of them breaks.
Being able to recycle 3D printed objects that are no longer needed and then reuse the material is also a big focus.
Solving the food problem with 3D printing
3D printing food in space
3D printers have the capacity to create a variety of products with a small amount of raw materials.
Thus, engineers found here the perfect technology for feeding astronauts on long-term space missions. NASA has invested $125,000 in SMRC, an ambitious project led by Anjan Contractor.
He succeeded in creating a food 3D printer able to 3D print pizza in space.
Pizzas are ideal for 3D printer because they’re made of different layers on top of each other (great for additive technology process like 3D printing):
- A layer of dough is first deposited on the 3D printer’s heating bed to be directly cooked
- Second, a layer of water, oil, and tomato powder is applied (tomato sauce)
- Then, a layer of cheese is deposited
- Finally, animal and vegetal proteins are added to provide essential nutrients
This process allows to cook a pizza in a few minutes and, according to Anjan Contractor, to print carbs, proteins, macronutrients, and micronutrients that are stored in powder form within a special cartridge. These powders remain edible for around 30 years, long enough for a mission to Mars.
3D printing a lunar base
Building a lunar habitation to ease exploration and research
Thanks to the 3D printing technology, the European Space Agency hopes it will be one day able to 3D print a base on the moon. International architecture studio Foster + Partner designed such a structure in partnership with Monolite UK, which provides the 3D printer.
According to Foster + Partner, the base must be assembled around a dome built on Earth. This dome will filter gamma rays, solar radiation and meteorites impacts. On the moon, two 3D printers would finish the build and strengthen the structure by using raw materials found on the spot.
Monolite UK says that their construction 3D printer is able to achieve a complete base in less than two weeks. The next generation is claimed to be twice as fast as this one.
Case studies: 3D technology for spacecraft
The 3D printed thruster chamber from the European Space Agency
In June 2015, the ESA unveiled the world’s first 3D printed spacecraft thruster, including a platinum combustion chamber. The use of 3D printing offered several advantages:
- Similar performances to a traditional thruster
- Possibility to use new build materials
- Lower production cost and turnover
The 3D printed oxidizer valve from the Falcon 9 rocket by SpaceX
SpaceX announced in July 2014 that they had successfully 3D printed an oxidizer valve for the 1D engine used in the Falcon 9 rocket. The oxidizer valve is a crucial part of a rocket engine– it controls the flow of liquid oxygen as it enters the engine’s combustion chamber. It took only two days to 3D print this valve, while traditional manufacturing processes take up to months to build such parts.
In addition, the 3D printed valve offers some key advantages, which have led SpaceX to decide to 3D print all of their oxidizer valves:
- Higher overall performances versus traditional manufacturing processes
- Higher resistance to fracture
- Superior ductility
The SuperDraco engine by SpaceX
The SuperDraco boasts 3D printed combustion chamber, which was 3D printed using the Direct Metal Laser Sintering process (DMLS). Elon Musk is enthusiastic about the future of additive manufacturing for the space industry:
“Through 3D printing, robust and high-performing engine parts can be created at a fraction of the cost and time of traditional manufacturing methods. SpaceX is pushing the boundaries of what additive manufacturing can do in the 21st century, ultimately making our vehicles more efficient, reliable, and robust than ever before.”Elon Musk


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by Shonette Reed
The lack of diversity in the fashion industry is no secret, so when every model in a spread for a fashion magazine is black, it’s not only news—it’s iconic.
Though the fashion industry has been making an improved effort to recognize more black models over the past two years, W Magazine is known for standing out among its competitors by being unconventional. And their August issue just may be the magazine’s most impressive yet.
The August edition of W, titled “#thepopissue,” features TV superstar Taraji P. Henson on the cover. It also also boasts a spread of black models in an editorial under the title "Now Trending," a shoot starring Rihanna as the face of Dior, and Liya Kebede modeling for Louis Vuitton.
"Now Trending" focuses on the "Fall 2015 collection [going from] modest to extreme" and includes models of various shades of brown and from diverse backgrounds: Ajak Deng, Amilna Estevao, Aya Jones, Anais Mali, Binx Walton, and Tami Williams.
The photos were taken by photographer Emma Summerton in Upstate New York, and the models were styled by Edward Enninful, fashion and style director of W Magazine.
Photos: Emma Summerton / W Magazine
Shonette Reed is regular contributor for Coloures and For Harriet from Los Angeles, Calif. With plans to break into the fashion industry as a fashion reporter, she runs her own style blog. Her aim is to highlight the important contributions of women of color in the fashion industry as well as give women of color more exposure within the leading magazines in fashion. You can follow her on Twitter @ShonetteReed.


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Inspired Entertainment has announced that its Virgo Remote Gaming Server and premium omni-channel casino content are now live in Italy with SNAI, and will soon launch with Sisal, Eurobet and Betsson’s StarCasino.
SNAI is the first Italian operator to go live with Inspired’s Interactive content, which includes three exclusive Mike Tyson games that are only available to SNAI customers. In celebration of the Tyson product portfolio launch, SNAI is running a number of casino and sports promotions, and the games are already amongst SNAI’s top performing online games.
In addition to its virtual sports, Inspired is a leading supplier of SBG VLT systems and content in Italy with Sisal, SNAI, Lottomatica, HBG and other Italian operators.
“I’m delighted to announce this important milestone for Inspired’s interactive business,” said Lucy Buckley, Inspired’s Vice President of Interactive.
“We are leading the UK and .com Interactive markets with operators such as William Hill, GVC, Ladbrokes Coral and Sky, and we look forward to replicating this success in Italy. New markets are key to our growth and we plan to expand our reach to other key European and North American markets during 2018.”
Paolo Scipioni, General Manager of Italy for Inspired, added: “Inspired is proud to be one of the largest suppliers of omni-channel content in Italy, and the addition of mobile and online players to our customer base is an exciting development.
“Inspired’s broad portfolio of retail VLT games and Virtual Sports has already proven popular with retail customers in Italy, and I’m confident that the availability of these new games online will be welcomed by customers and players alike.”


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updated 05:40 pm EST, Wed March 4, 2009
The recently approved spin-off of chipmaker AMD's manufacturing operations, in partnership with Advanced Technology Investment Co. (ATIC), an Abu Dhabi investment fund, has officially been launched on Wednesday. What is being called as the world's first global semiconductor foundry company, GlobalFoundries will initially employ 2,800 employees worldwide, with its headquarters based in the San Francisco Bay area.
The new company is headed by CEO Doug Grose, a former vice president of manufacturing operations at AMD, while Chairman of the Board Hector Ruiz is a past executive chairman and chairman of the board at AMD. GlobalFoundries will manufacture chips for AMD and have enough capacity to supply much smaller third-party customers, giving them access to advanced manufacturing technologies for the first-time, the company claims.
Already, GlobalFoundries is expanding its Dresden, Germany manufacturing operations by adding a second 300nm facility that will begin producing silicon chips in late 2009. The Dresden factory will be re-named Fab 1 and Module 1 will initially focus on producing high-performance 45nm Silicon-on-Insulator (SOI) technology, with Module 2 moving to 32nm bulk silicon production.
In the US, GlobalFoundries will begin constructing a $4.2 billion factory for 32nm and smaller chips, at its Luther Forest Technology Campus is Saratoga County, NY later this year. The facility, called Fab 2, will create about 1,400 jobs and more than 5,000 supporting positions in the region at suppliers. Once completed, Fab 2 will be the only independently-managed advanced semiconductor manufacturing foundry in the US.
GlobalFoundries also has production facilities in Austin, TX.
AMD initially announced plans to split its manufacturing and chip-developing operations in the fall in a bid to reduce its chip production costs and stem losses.


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Apple has pushed out the fifth developer betas of iOS 11.4.1 and macOS High Sierra 10.13.6, one week after the previous beta batch was provided for testing ahead of a public release expected this summer.
Apple has released its first beta of macOS 10.14 Mojave for testing by the public, one day after similar releases for iOS 12 and tvOS 12, giving Mac users prepared to install the beta their first taste of the upcoming operating system update.
Apple has seeded its fourth betas for iOS 11.4.1, tvOS 11.4.1, and macOS High Sierra 10.13.6, as well as the third beta for watchOS 4.3.2, for developer testing just one week after the last batch for the current generation of Apple operating systems were released.
Apple on Monday seeded a third beta version of the upcoming macOS High Sierra 10.13.6 to developers for testing, though the company failed to detail feature upgrades in release notes provided with software.
Apple has released the third betas for iOS 11.4.1 and tvOS 11.4.1 to developers for testing, one week after the second betas were issued, with the shorter time between betas suggesting Apple is nearing a full release of the updates.
Apple has shipped the second developer betas of iOS 11.4.1, tvOS 11.4.1, and macOS High Sierra 10.13.6 for testing, with the new batch arriving roughly two weeks after the first betas were released, and following after betas for future milestone releases were provided to developers at WWDC 2018
Apple has started up its beta testing program for another cycle, providing the first developer betas for iOS 11.4.1, watchOS 4.3.2, and tvOS 11.4.1 one day after the public release of the current versions of the operating systems.
Apple has released its fifth developer betas of iOS 11.4, macOS 10.13.5, tvOS 11.4, and watchOS 4.3.1, with this third batch of betas seeded since the start of May indicating the operating systems are getting closer to a full release.
Arriving just one week following the third beta of iOS 11.4, beta four has is now in the hands of developers. Included in this late-stage beta are some notable improvements to performance, as well as a regression to one of the additions we saw in beta three.
As iOS 11.4 gets closer to its eventual release, fewer and fewer new features make an appearance in each iterative beta. The third incarnation of iOS 11.4 beta contains only two real user-facing differences worth exploring, relating to volume control and 3D Touch.
Following the release of macOS High Sierra 10.13.4 on Friday, Apple has restarted the operating system testing cycle once again, issuing its first beta of macOS 10.13.5 to developers enrolled in Apple's testing program on Tuesday.
Days after the public release of iOS 11.3, tvOS 11.3, and watchOS 4.3, Apple has started testing for the next version of operating systems for iPhone, iPad, Apple Watch, and Apple TV, providing developers enrolled into its beta program the first releases of iOS 11.4, tvOS 11.4, and watchOS 4.3.1.
Apple has released its sixth developer beta of tvOS 11.3, released just over a week after the fifth developer beta, and is likely to be the last beta of the Apple TV software before a full public release.
Apple has made the fifth developer beta versions of High Sierra 10.13.4, iOS 11.3, and tvOS 11.3 available for download by testers, just one week after the company shipped the fourth betas of each operating system.


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Bag a latte and a lettuce! Morrisons to launch coffee shops in its car parks to lure in more customers
Morrisons is introducing coffee shops and tyre fitting in its car parks
Morrisons is introducing coffee shops and tyre fitting in its car parks to draw more people into stores.
The grocer is midway through a turnaround which has seen it close stores, cut prices and sign a deal with Amazon.
Yesterday, Morrisons announced it was extending its deal with petrol forecourt firm Rontec to open 40 more Morrisons Daily convenience shops.
It is also ramping up its wholesale business and relaunching the Safeway brand.
Sales across the group rose 1.7 per cent with revenues reaching £1.7 billion in the year to January 29.
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Next August 21 there will be news about Pokémon Scarlet and Purple, while new leaks are known about the converging forms.
November 18 Pokemon Scarlet and Purple will gather the eyes of the millions of Nintendo Switch players to start the ninth generation of the license developed by Game Freak. After the last official trailer, some of the secrets that these new deliveries keep have been revealed, in addition to all leaks that are emerging practically daily, like all the supposed past and future forms that these games will have. Now, The Pokémon Company has shared when can i see the next trailer official.
And the date is not far away, so we will just have to wait until the next August 21 for official Pokémon Scarlet and Purple news. Starting at 5:00 p.m. (Spanish peninsular time), the company will reveal new material of the ninth generation, although what exactly it will consist of has not been revealed, so it will be necessary to be very attentive to what is disclosed and if some of the rumors and leaks that have been known are finally confirmed. in recent weeks, such as the aforementioned past and future forms or other aspects of the license. Also, Information about the new generation Pokémon TCG will also be offered.
Upcoming Pokemon News:
📅 August 21
🕑 17:00 EST
➡ Pokemon Scarlet and Purple
➡ Pokémon TCG of the new generation pic.twitter.com/umcmvWfbxV
— PokéXperto (@pokexperto) August 18, 2022
So it seems that The Pokémon Company and Game Freak are already bringing out all the artillery for pre-launch promotion of Pokémon Scarlet and Purple on Nintendo Switch. Remember that the trailer in question will be broadcast from 5:00 p.m. (Spanish peninsular time) on Sunday, August 21.
– It really looks like Tentacool and Diglett are the only Pokémon who receive Convergent Species for now.
The Pokédex description for the one based on Diglett even jokes about mistaking it for Diglett.
— LEAKS Center (@CentroLeaks) August 18, 2022
Pokémon Scarlet and Purple would only have two converging forms
In the last hours they have also been released new leaks about Pokémon Scarlet and Purple and more specifically of the so-called converging forms. If at first it might seem that they were going to be very numerous, the latest details that have been offered indicate that probably there are only two evolutionary lines with this recognition.
Thus, Diglett and Tentacool -and their respective evolutions- would be the only converging Pokémon, so it will be necessary to see how these new forms are treated and what treatment is given to explain this phenomenon. We will have to wait to find out if it is revealed in the new trailer or left as a surprise for next November 18, when the games premiere.


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Fully recycle of plastic bottles is possible – by this mutant enzyme, produce by Japanese bug. This enzyme is not optimized jet, but, in the few years, scientists could make improvements and help in solving plastic waste problem.
Scientists have created a mutant enzyme that breaks down plastic drinks bottles – by accident. The breakthrough could help solve the global plastic pollution crisis by enabling for the first time the full recycling of bottles. The new research was spurred by the discovery in 2016 of the first […]


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As the U.S. Senate debates climate change legislation this week, many have proclaimed the virtue of its “cap and trade” system as a “market solution” to reducing carbon emissions. Nothing could be further from the truth.
Unlike a direct tax, cap and trade is a European-style scheme that masks its negative consequences on the economy behind the rhetorical benefits of new government programs designed to help us. In truth, neither is good for consumers or the economy, but a closer look reveals why so many politicians find comfort in cap and trade.
The economic argument for penalizing carbon emissions is straightforward. If emissions from human activities are contributing to dangerous temperature increases as some scientists claim, then textbook theory says that the government should take steps to increase the private costs to those emitting carbon. Markets are efficient only when firms take all costs of their behavior into account…
Cap and trade is not a market-based solution. It relies on a political scheme to increase costs, and can therefore be justly viewed as a tax, stealthy or otherwise, on energy - the lifeblood of our economy. So here’s the real difference: cap and trade masks the causes of higher consumer prices much better than a straightforward tax. And that is precisely why so many politicians endorse it.


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Despite the widespread mobility restrictions brought about by the coronavirus outbreak, the frequency of homebuying inquiries has gone up in Western Canada, according to RE/MAX.
“We are already seeing inquiries from home buyers up 5% from pre-COVID levels,” said Elton Ash, executive vice president (Western Canada) with RE/MAX. “To see the price drop that CMHC is suggesting is unrealistic.”
Ash was referring to the Crown corporation’s dire predictions of a “historic recession” this year that will lead to an 18% fall-off in home prices and a 29% sales decline – forecasts that multiple industry players have contested.
“Yes, there has been some economic pain, but not to the extent that CMHC is suggesting,” Ash said, pointing at Vancouver’s robust pre-pandemic sales as a likely sign of strong sales recovery down the line.
Pent-up demand for homes might become the defining feature of top markets like BC and Ontario immediately after the crisis has passed, RE/MAX said in early May.
Figures from the British Columbia Real Estate Association (BCREA) supported these projections: In April, the province’s benchmark housing price posted a 7.8% annual increase, while overall inventory fell by almost 25%.
“We should be happy sales only fell by 50% when you consider this is a global pandemic,” BCREA Chief Economist Brendon Ogmundson told Business in Vancouver.